Explanatory Memorandum
Circulated By Authority of the Minister for Tertiary Education, Skills, Jobs and Workplace RelationsFinancial impact
The estimated financial impact of the increase in the loan fee, based on a commencement date of 1 July 2010, as at the Mid Year Economic and Fiscal Outlook 2009-10, was $+42.9 million (fiscal balance) over the period 2010-11 to 2012-13.
The Bill provides for a commencement date of 1 January 2011. The adjustment to the cost of the measure for this commencement date is $-7.0 million (fiscal balance) over the period 2010-11 to 2013-14.
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